NEW! Investment Companies Centre
Virgin Credit Card:
£2,570.16m
-51.00p ()
1,091.00p
Date: Thursday 28 Aug 2008
LONDON (ShareCast) - Property asset manager Capital and Regional is leading real estate stocks higher after confirming that it has finalised the renegotiation of its financial covenants with its principal lending bank.
The group’s revolving credit facility has been reduced from £175.5m to £125.5m and the interest margin has been lifted from 0.9% to 1.4%, in return for which the group’s banker has amended the see through gearing covenant so that only debt with recourse to the group is included.
Large cap real estate stocks including British Land, Hammerson and Land Securities have also advanced.
A Goldman Sachs note is behind declines in the utilities sector. Severn Trent and United Utilities are the heaviest fallers after the broker downgraded them to ‘sell’ from ‘neutral’, saying they look overpriced.
Top performing sectors so far today
Real Estate 2,968.60 +3.21%
Fixed Line Telecommunications 2,429.90 +2.86%
Insurance (non-life) 1,256.40 +2.62%
Life Insurance 4,162.50 +2.53%
General Retailers 1,274.50 +1.95%
Bottom performing sectors so far today
Industrial Metals 6,263.80 -2.71%
Industrial Transportation 2,288.40 -2.29%
Gas, Water & Multiutilities 4,561.50 -1.28%
Food & Drug Retailers 4,356.00 -0.83%
Electricity 7,912.00 -0.76%
| Currency | UK Pounds |
| Share Price | 1,091.00p ![]() |
| Change Today | -51.00p |
| 52 Week High | 1,582.00 |
| 52 Week Low | 1,056.00 |
| Volume | 1,628,837 |
| Shares Issued | 235.58m |
| Market Cap | £2,570.16m |
| Beta | 0.69 |
| RiskGrade | 283 |
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| Strong Buy | 2 |
| Buy | 1 |
| Neutral | 4 |
| Sell | 4 |
| Strong Sell | 2 |
| Total | 13 |

| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 03-Dec-08 | 18-Jun-08 |
| Paid | 16-Jan-09 | 01-Aug-08 |
| Amount | 26.29p | 41.29p |
| Chair | John Egan |
| CEO | Anthony Paul Wray |